Form 4 for HOV HOVNANIAN ENTERPRISES INC
Accepted 2022-06-10 00:00:00 ET · period of report 2022-06-08 · accession 0001225208-22-007986 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-06-10 | 2022-06-08+ | HOV | SORSBY J LARRY | EVP, CFO, Dir | M - OptEx | $0.00 | +2,786 | 111.6K | +3% | $0 |
| DM | 2022-06-10 | 2022-06-08+ | HOV | SORSBY J LARRY | EVP, CFO, Dir | F - Tax | $58.39 | -1,099 | 111.2K | -1.0% | -$64.2K |
| DM | 2022-06-10 | 2022-06-08+ | HOV | SORSBY J LARRY | EVP, CFO, Dir | M - OptEx | $0.00 | -2,975 | 850 | -78% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2022-06-08 | M | A | 862 | $0.00 | 110,385 | D | — | — | |
| 2 | Common | Class A Common Stock | 2022-06-08 | M | A | 862 | $0.00 | 111,247 | D | — | — | |
| 3 | Common | Class A Common Stock | 2022-06-08 | F | D | 680 | $58.52 | 110,567 | D | — | — | |
| 4 | Common | Class A Common Stock | 2022-06-09 | M | A | 708 | $0.00 | 111,275 | D | — | — | |
| 5 | Common | Class A Common Stock | 2022-06-09 | M | A | 354 | $0.00 | 111,629 | D | — | — | |
| 6 | Common | Class A Common Stock | 2022-06-09 | F | D | 419 | $58.17 | 111,210 | D | — | — | |
| 7 | Derivative | Market Share Units (Performance) | 2022-06-09 | M | D | 425 | $0.00 | 0 | D | — · — to 2022-06-09 | 425 Class A Common Stock | (F12) Converts to Class A Common Stock on a one-for-one basis (F15) The Market Share Units vest, if at all and to the extent of specified market performance of the Class A Common Stock over each relevant vesting period, in four equal installments on the following vesting dates: January 1, 2020, June 9, 2020, June 9, 2021 and June 9, 2022 |
| 8 | Derivative | Market Share Units | 2022-06-09 | M | D | 850 | $0.00 | 0 | D | — · — to 2022-06-09 | 850 Class A Common Stock | (F6) Adjusted for the Issuer's 1-for-25 reverse stock split with respect to the Class A Common Stock that occurred on March 29, 2019 (F12) Converts to Class A Common Stock on a one-for-one basis (F13) The Market Share Units vest, if at all and to the extent of specified market performance of the Class A Common Stock over each relevant vesting period, in four equal installments beginning on June 9, 2019 |
| 9 | Derivative | Market Share Units (Performance) | 2022-06-08 | M | D | 850 | $0.00 | 850 | D | — · — to 2023-06-08 | 850 Class A Common Stock | (F11) The number of shares of Class A Common Stock that would be received upon vesting of the Market Share Units, if any, may vary from 50% to 200% of the number shown depending on the market performance of the Class A Common Stock over each relevant vesting period. (F5) Converts to Class A Common stock on a one-for-one basis. (F10) The Market Share Units vest, if at all and to the extent of specified market performance of the Class A Common Stock over each relevant vesting period, in four equal installments on the following vesting dates: January 1, 2021, June 8, 2021, June 8, 2022 and June 8, 2023 |
| 10 | Derivative | Market Share Units | 2022-06-08 | M | D | 850 | $0.00 | 850 | D | — · — to 2023-06-08 | 850 Class A Common Stock | (F6) Adjusted for the Issuer's 1-for-25 reverse stock split with respect to the Class A Common Stock that occurred on March 29, 2019 (F9) The number of shares of Class A Common Stock that would be received upon vesting of the Market Share Units, if any, may vary from 50% to 200% of the number shown depending on the market performance of the Class A Common Stock over each relevant vesting period. This amount also reflects the forfeiture of Market Share Units, without any vesting, that occurred in previous years pursuant to the terms of the award. (F5) Converts to Class A Common stock on a one-for-one basis. (F7) The Market Share Units vest, if at all and to the extent of specified market performance of the Class A Common Stock over each relevant vesting period, in four equal installments beginning on June 8, 2020 |